The Fall of an American Icon
It's hard to believe that this was the cover of Business Week in 1996 (full story here)
Everyone at the time was predicting the downfall of Apple Computer.
And today Apple announced yet another amazing quarter. They sold 10M ipods, 2.1M macs and 1.1M iphones this quarter. They generated $3.5B in net income for the year. The company now has over $15B in cash and no debt. And the are telling the street that Q1FY08 is going to be huge.
This company is simply incredible.
Go Apple.
(disclosure: i own apple stock. and i'm not selling anytime soon)
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